UPDATE 1-Frontier creditors approve reorganization plan

* More than 92 pct of voting creditors approve

* Confirmation hearing scheduled for Sept. 10

NEW YORK, Sept 2 (Reuters) - The vast majority of Frontier Airlines Holdings Inc's FRNTQ.PK creditors approved its reorganization plan in a key development that clears the way for the Denver-based carrier to exit bankruptcy.

More than 92 percent of voting creditors approved the plan, Frontier said on Wednesday afternoon.

A small number of objections were filed, but Frontier said its legal representatives believed most were technical or procedural in nature. The carrier expects a smooth confirmation hearing, which is scheduled for Sept. 10 in New York.

"We have been able to completely restructure our business and reduce our costs to among the lowest in the industry," said Frontier President and Chief Executive Sean Menke.

Frontier's largest creditor is Republic Airways Holdings Inc (RJET.O), which bought the carrier for $108.75 million in August. For details, see [ID:nN13534586]

As part of the deal, Republic waived recovery rights on its $150 general unsecured claim, which Frontier said would boost distribution to other unsecured creditors by 94 percent.

Frontier has said it expects to emerge from bankruptcy by late September as a Republic subsidiary, but Republic's CEO told Reuters in an interview last week the acquisition would likely close on Oct. 1. [ID:nN3175081] (Reporting by Deepa Seetharaman; editing by Andre Grenon)